Users will refrain from paying a subscription if their app version works and they don't need updates. The good old buy-a-license with 1 year of updates will likely make a big comeback. Local-first software, at least in lix universe [0], does not have fixed recurring maintenance costs like running servers. The elimination of fixed recurring maintenance costs will lead to a proliferation of "hobby apps" that are undercut by price/make it free altogether.
[0] https://github.com/opral/monorepo/blob/main/lix/README.md